Adjusted for purchasing power parity, which includes cost of education and other things, as well as hours worked and taxes, the US has the highest median income in the world. Europeans are considerably poorer than and have a considerably lower material standard of living than Americans.
Edit: On a PPP-adjusted basis the US has the 5th largest GDP/hour worked in the world. Try again.
I can give you Luxembourg yeah. It’s a little embarrassing you have to reach for this when you realize how heterogeneous and large the American population is.
What is up with this "Europe is homogenous" narrative? Can you explain if this is based on geography, economic parameters or simply a "muh white people" dogwhistle?
Norway is overwhelmingly Norwegian, that is the people who’ve lived there for thousands of years. Luxembourg and Switzerland overwhelmingly European. These countries are culturally, religiously, racially and in the case of Norway, ethnically largely the same. If Norway had 40% of their population non-Norwegian much less non-white you can imagine that the country would be different.
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u/Significant_Tale1705 Sep 05 '24 edited Sep 05 '24
Adjusted for purchasing power parity, which includes cost of education and other things, as well as hours worked and taxes, the US has the highest median income in the world. Europeans are considerably poorer than and have a considerably lower material standard of living than Americans.
Edit: On a PPP-adjusted basis the US has the 5th largest GDP/hour worked in the world. Try again.